BEIJING, Jan 8 (Reuters) - China National Offshore Oil Corp (CNOOC), the country's third-biggest oil company, imported its first cargo of diesel recently, joining its bigger rivals in oil product trading, state media reported on Saturday.
CNOOC, parent of CNOOC Ltd, imported 27,000 tonnes of diesel from South Korea and sold it in eastern China to ease a local diesel shortage, the Shanghai Securities News said.
China's largest offshore oil and gas producer joins bigger rivals Sinopec and PetroChina in conducting trade in oil products.
CNOOC is pursuing a strategy of integrating its upstream and downstream businesses. Its first major oil refinery, in Huizhou, Guangdong province, started full-scale operations in May 2009.
(Reporting by Langi Chiang and Jason Subler)
((yan.jiang@thomsonreuters.com; +8610 6627 1207; Reuters Messaging: yan.jiang.reuters.com@reuters.net)) Keywords: CNOOC DIESEL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CNOOC, parent of CNOOC Ltd, imported 27,000 tonnes of diesel from South Korea and sold it in eastern China to ease a local diesel shortage, the Shanghai Securities News said.
China's largest offshore oil and gas producer joins bigger rivals Sinopec and PetroChina in conducting trade in oil products.
CNOOC is pursuing a strategy of integrating its upstream and downstream businesses. Its first major oil refinery, in Huizhou, Guangdong province, started full-scale operations in May 2009.
(Reporting by Langi Chiang and Jason Subler)
((yan.jiang@thomsonreuters.com; +8610 6627 1207; Reuters Messaging: yan.jiang.reuters.com@reuters.net)) Keywords: CNOOC DIESEL/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
